On January 1, 2024, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $78,000 each, beginning December 31,2024 , and on each December 31 through 2026 . The lessor, HVAC Leasing, calculates lease payments based on an annual Interest rate of 5%. Winn also paid a $285,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the bullding before occupying the space at a cost of $363,000. The useful life of the bullding and the structural modifications were estimated to be 30 years with no residual value. Note: Use tables, Excel, or a financlal calculator. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Required: Prepare the approprlate entries for Winn Heat Transfer from the beginning of the lease through the end of 2026. Winn's fiscal year is the calendar year. Note: If no entry is required for a transaction/event, select "No journal entry required" In the flirst account fleld. Round your answers to the nearest whole dollar. Answer is not complete. On January 1, 2024, Winn Heat Transfer leased office space under a three-year operating lease agreement. The arrangement specified three annual lease payments of $78,000 each, beginning December 31,2024 , and on each December 31 through 2026 . The lessor, HVAC Leasing, calculates lease payments based on an annual Interest rate of 5%. Winn also paid a $285,000 advance payment at the beginning of the lease. With permission of the owner, Winn made structural modifications to the bullding before occupying the space at a cost of $363,000. The useful life of the bullding and the structural modifications were estimated to be 30 years with no residual value. Note: Use tables, Excel, or a financlal calculator. (FV of $1, PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) Required: Prepare the approprlate entries for Winn Heat Transfer from the beginning of the lease through the end of 2026. Winn's fiscal year is the calendar year. Note: If no entry is required for a transaction/event, select "No journal entry required" In the flirst account fleld. Round your answers to the nearest whole dollar. Answer is not complete